Morningstar

Principal High Yield Fund Class R-6 PHYFX

Morningstar Medalist Rating
Medalist Rating as of | See Principal Investment Hub
  • NAV / 1-Day Return 6.36  /  +0.16 %
  • Total Assets 3.7B
  • Adj. Expense Ratio
    0.520%
  • Expense Ratio 0.510%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Large
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 7.33%
  • Effective Duration 3.00 years

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis PHYFX

Will PHYFX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PHYFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PHYFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PHYFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A resilient high-yield fund.

Associate Analyst River Meng

River Meng

Associate Analyst

Summary

A seasoned group of investors leads Principal High Yield, a strategy that has demonstrated its durability across market cycles.

by River Meng
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PHYFX

More PHYFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Principal Government Money Market R-6

1.81 69M
—

Energy Transfer LP 6.5%

0.91 34M
Corporate

Smyrna Ready Mix Concrete LLC 6%

0.80 30M
Corporate

EchoStar Corp. 10.75%

0.80 30M
Corporate

Atlantica Sustainable Infrastructure Group PLC 6.375%

0.75 29M
Corporate

Jazz Securities Designated Activity Co. 4.375%

0.75 29M
Corporate

Victra Holdings LLC / Victra Finance Corp. 8.75%

0.72 28M
Corporate

Global Aircraft Leasing Co Ltd 8.75%

0.72 27M
Corporate

1261229 BC LTD

0.69 26M
Corporate

Freedom Mortgage Holdings LLC 9.125%

0.69 26M
Corporate

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